1476-80 Pescadero Dr, Ocean Beach (OB), CA 92107

List Price
$7,000,000
Status
ACTIVE
MLS#
250026011
Bedrooms
8
Bathrooms
4
Complex/Building Name
Pescadero Drive
Property Type
Multifamily
Year Built
1958

Property Description

Oceanfront income property in Sunset Cliffs with sweeping views, a rare 4-car garage, and beautifully renovated rental units—offering an exceptional blend of location, flexibility, and lifestyle. Renovations were completed as recently as January 2025, and the entire property has been thoughtfully upgraded between 2020–2025 with new kitchens, baths, windows, and high-end finishes throughout. The front ocean-facing units enjoy private outdoor areas and unobstructed coastal views—one short-term rental was booked 317 nights over the past year. Two rear studios (bonus) are currently operated as long-term rentals. 2024 gross rental income totaled $445K with operating expenses of just $62K. Located just steps from Sunset Cliffs Natural Park, the beach, and neighborhood cafes. A rare opportunity to own a fully renovated oceanfront income property with strong financials and irreplaceable coastal frontage.

Additional Information

Building Name
Pescadero Drive
Cooling
None
Frontage
Oceanfront, Oceanfront
Neighborhood
Sunset Cliffs
Roof
Other
School District
San Diego Unified School Distric
View
City, Ocean, Ocean
Year Built
1958

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Dawn Leahy (619-992-4413) from Listing Office: Pacific Sotheby's Int'l Realty.

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